$XRP The entire lawsuit is closed, should you invest?
The $XRP lawsuit has finally come to an end after 4 years, which is also the longest lawsuit in crypto history because of too much Drama.
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Summary of the entire lawsuit
In 2012, xrp was launched by @Ripple Labs with the goal of reducing transaction costs and processing times for banks and financial institutions. Those who invested in XRP expected the project's potential to improve the international payment system. By 2017-18, when the market began to boom and become more widely known, XRP also received attention, the media at that time considered XRP as a revolution for cross-border money transfers.
Some companies, such as Western Union and Moneygram, have begun testing Ripple's products. “I have stated publicly that by the end of this year, I am absolutely confident that major banks will be using XRapid as a payment instrument,” Garlinghouse, CEO of Ripple, told CNBC in an interview broadcast on TV at the Money 20/20 Europe fintech conference in Amsterdam, Netherlands.
By December 2020, the SEC, under then-chairman Jay Clayton, now alleges that XRP executives orchestrated an initial public offering (IPO) of XRP, which was an unregistered security at the time of the fundraising.
According to the complaint, Ripple raised money by selling $XRP tokens in unregistered securities offerings to investors in the United States and around the world.
